-Down to Earth Indian farmers have accumulated huge debts due to Crop damages and less remunerative price for produce When the National Statistical Office released the advance estimate of gross domestic product (GDP) growth for the 2019-20 fiscal year, the optimism for farmers — with an above-normal monsoon — fizzled out. India’s GDP growth for the current financial year was pegged at 5 per cent, the lowest in 11 years. In 2018-19, the...
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Climate change behind spike in onion price every alternate year: Study -Nagesh Prabhu
-The Hindu Researchers from Institute for Social and Economic Change say price will stabilise only by March 2020 Bengaluru: The price of onion in the country spikes every two years and this is largely triggered by a series of factors, including drought, late arrival of monsoon, floods, crop failure, and supply disruptions, according to a recent study. The current sharp spike in onion price is expected to continue till at least March...
More »Simply Put: What is driving onion prices -Parthasarathi Biswas
-The Indian Express Government has called for import of 1 lakh tonnes of onion to help control rising prices. What has been causing the increase in prices since May, and how far can the new move be expected to reverse the trend? Pune: LAST WEEK, Ram Vilas Paswan, Union Minister for Food and Civil Supplies, directed the state-owned trading corporation MMTC to import 1 lakh tonnes of onions to help ease...
More »Bengal CM Mamata Banerjee pegs loss due to cyclone Bulbul at Rs 50,000 crore
-PTI Those who have enrolled their names for the state government's crop insurance scheme would get 100 per cent coverage for their loss, Mamata Banerjee asserted. West Bengal Chief Minister Mamata Banerjee, after conducting an aerial survey of cyclone Bulbul-hit areas in North 24 Parganas, said on Wednesday that the loss incurred by the state due to the natural calamity might go up to Rs 50,000 crore. Mamata Banerjee handed over a cheque...
More »Excess rain has damaged kharif crops: Skymet -TV Jayan
-The Hindu Business Line The maximum Crop damage was reported from Western Madhya Pradesh, which received 61 per cent surplus rains. Excess monsoon rains and the floods caused by them affected crops in many States, including Madhya Pradesh, Maharashtra, Gujarat, Karnataka and Punjab, according to a kharif Crop damage report released by private weather forecaster Skymet on Tuesday. While 40 to 50 per cent of soyabean crop has been hit in Madhya...
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